March 5, 2013

China to Boost Military Spending 10.7 Percent

William Wan, Washington Post

AP Photo

China's military spending will grow by 10.7 percent this year -- a notable increase in the face of sluggish economic growth -- according to official reports delivered Tuesday at the kickoff of a two-week meeting that will culminate in the elevation of China’s new president and premier. The military increase continues nearly two decades of double-digit growth and comes at a critical time as the incoming leaders are consolidating their power and shoring up personal relations with China’s generals.

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TAGGED: China

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